I thought it appropriate to mention the celebration of the Chinese New Year since they own all our stuff.
But seriously, chinese New Year begins at midnight on January 23, 2012. It is consider the most important of the Chinese holidays and is celebrated by billions around the world. The celebration last for 15 days and culminates wiht the Lantern Festival.
Each year is associated with one of the twelve animals in the Chinese zodiac. 2012 is the Year of the Dragon.